Umami Labs CEO Alex O’Donnell grew up outside Philadelphia and attended Temple University, where he studied literature and economics. That path led him to work as a financial journalist at Reuters for seven years, specializing in M&A IPOs. He said his academic focus created “a very natural integration” in financial journalism. But he said he had become “disillusioned” with his industry while confined to his home during the COVID-19 pandemic. “There was really a three-way alliance between journalists, government officials and technology companies trying to control the flow of information,” O’Donnell told Cointelegraph. He started working with cryptocurrencies, which led…
Author: Crypto Flexs
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The price of XRP is down 18.5% from its local high of $0.67 on November 23, and the cryptocurrency’s sell-off is likely to increase in the coming weeks.XRP Technical Hints on Extended CorrectionXRP (XRP) has not broken above the downtrend line resistance since January 2018, and has yet to record a break above it in November 2023, showing psychological selling pressure around the line.XRP/USD weekly price chart. Source: TradingViewAfter testing descending trendline resistance, each bearish rejection has historically led to a decline toward the rising support trendline. The downside target appears to be around $0.50, which interestingly is closer to…
Top news this week U.S. officials announce $4.3 billion settlement with Binance, request transaction with CZ Binance and co-founder Changpeng “CZ” Zhao have reached a settlement with the U.S. Department of Justice in criminal and civil lawsuits. CZ will plead guilty to one felony charge as part of a negotiated settlement. Attorney General Merrick Garland announced the settlement, alleging that Binance’s policies allowed criminals involved in illegal activities to move “stolen funds” through the exchange. As part of the agreement, CZ announced via He added that U.S. officials are “proud to point out” that they have not alleged that Binance…
The Monetary Authority of Singapore (MAS) recently reaffirmed its commitment to promoting technological innovation within the financial sector with the introduction of the latest version of the Financial Sector Technology and Innovation Initiative (FSTI 3.0). This initiative highlights our ongoing efforts to drive advancements and embrace new technologies in the financial industry. below this planMAS will allocate up to $150 million over the next three years to accelerate the adoption of cutting-edge technologies and foster a thriving technology ecosystem within the industry. FSTI 3.0 consists of three new tracks to support projects that leverage new technologies and have regional impact.…
The cryptocurrency space has been dominated by Ethereum lately, and it’s not hard to understand why. ‘Uptober’ eventually lived up to its reputation, with Ethereum leading the cryptocurrency market in a downward trend. Now in November, traditionally Ethereum’s most profitable month, the token is regularly hitting new annual highs. As experts move toward Ethereum’s $4,000 milestone, a related project, ETH20, is making progress during its pre-sale period. Before looking at Ethereum’s outstanding performance, let’s take a look at the blossoming potential of the ETH20 token. ETH20 Token – Leverage Ethereum’s ETF Progress On November 9, the price of Ethereum surged…
The High Court of Podgorica, the capital of Montenegro, approved the extradition of Do-Do Kwon, co-founder of Terraform Labs, at the request of Korea and the United States.The court said Friday it was seeking extradition on charges related to financial crimes in both countries. Although Mr. Kwon agreed to be repatriated to Korea, the court added that the final decision on which country will be given priority for repatriation will be made by Montenegro’s Minister of Justice.If the minister approves, Mr. Kwon will be extradited after serving four months in prison in Montenegro on charges of document forgery.Mr. Kwon was…
Tether previously made a similar announcement after losing twice in court while trying to block a June 2021 FOIL request filed by CoinDesk. The request was made during the New York Attorney General’s investigation into claims that USDT, a stablecoin pegged to the U.S. dollar issued by Tether, was not sufficiently backed by reserves from mid-2019 to early 2021, ultimately leading to a settlement of the charges with the company. It is related to: of that period.
Cryptocurrency markets are witnessing notable developments, especially in the world of Bitcoin (BTC) exchange-traded funds (ETFs), which have reached a critical stage. These developments have put Cardano (ADA), a popular cryptocurrency popular for its technological robustness and scientific approach, in the spotlight for its recent price changes and potential growth. The cryptocurrency market’s focus on Bitcoin ETFs reflects growing optimism. The U.S. Securities and Exchange Commission (SEC)’s ever-changing stance on ETFs and the popularity and success of various products such as the ProShares Bitcoin Strategy ETF anticipate the cryptocurrency market to mature. In this regard, Cardano stands out for its…
Inheritance: What happens to your NFTs, digital art, and cryptocurrencies when you die? What happens to your NFTs, digital art, and cryptocurrency when you die? You need to understand how to pass Web3 assets to your children or heirs. How is Web3 inheritance different from traditional inheritance? hello. My name is Wasim Ahmad and I am with Vault12. Today we will talk about inheritance in Web3. You need to be careful with Web3 inheritance because it differs from the relatively simple steps of a traditional inheritance, which involve going to a bank or broker, notifying them that someone has passed…
join us telegram A channel to stay up to date on breaking news coverage The non-fungible token market and the overall cryptocurrency ecosystem are showing signs of recovery after a prolonged bear market. Over the past few months, the NFT market has experienced a severe downturn, which has left many NFTs nearly worthless. In this article, we will evaluate the NFT market situation over the past seven days. Bitcoin ordinal, sales volume leader Data retrieved from on-chain market aggregator CryptoSlam.io indicates that the global NFT market is showing signs of recovery after a prolonged bear market. Over the past seven…